Roku Q2 Revenue Up 22% and Net Income Zooms to $164 Million in Huge Beat, Abstains From Providing Outlook Amid Pending Fox Corp. Sale

Roku smashed expectations in the second quarter with revenue of one point three five billion dollars, up twenty-two percent versus Wall Street's one point three billion dollar estimate. The bigger surprise: net income rocketed to a quarterly record of one hundred sixty-four point two million dollars, versus ten point five million in the prior period. Variety reports the company withheld forward guidance pending the completion of a Fox Corp. sale.

Listen to this story

Hear this and more stories in a personalized audio briefing.

Open The Chonkerton